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BPO Aegis and StarTek announced today the finalization of their merger, the combined entity achieving a turnover of more than $ 700 million and employing 50,000 people in 13 countries , including India.
on the New York Stock Exchange under the name "StarTek, Inc." will now be led by Lance Rosenzweig as the world's chief executive officer.
"This transaction is expected to create value for the new company with access to the world's most dynamic markets, multilingual offerings, a solid footprint and the establishment of operational excellence and better capabilities. industrial practices, "said Aparup Sengupta. The board of directors of the combined company, said in a statement
Capital Square Partners, parent company of Aegis, will own 55 percent and StarTek's shareholders will own about 45 percent of the shares. shares in the resulting entity.
Aegis in India employs more than 28,000 people in more than 27 BPO centers. Its main sectors include telecommunications, e-commerce and BFSI (banking, financial services and insurance).
Geographic presence does not overlap as StarTek has more than 12,000 employees in the United States, the Philippines, Honduras and Jamaica. According to a spokesman for Aegis, more than 45,000 employees in India, Sri Lanka, Malaysia, Australia, Saudi Arabia, South Africa, Argentina and Peru said: "Our employees have been at the heart of our success. This alignment, we are excited to integrate talent, experience, products and services in order to be able to make the transition to a global leader in BPM space (process management). business). "
The company has entered into an employment agreement with Rosenzweig which provides for the award of an incentive bonus to him outside of StarTek, Inc., the statement added .
The incentive grant to Rosenzweig will consist of options to purchase 584,000 common shares of the company, with option to have a term of ten years and an exercise price equal to the fair market value of an action on the date of grant.
The options will vest in equal quarterly installments more than three years after Rosenzweig's start date, subject to its retention in the company on the applicable vesting dates, according to the declaration
(This story is not Was not edited by Business Standard staff and is generated automatically from a syndicated feed..)
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